Keller Group

The pension fund is a captive corporate vehicle sponsored by Keller Group Plc, the FTSE 250-listed geotechnical engineering firm. It is not a commercial asset manager or multi-employer scheme. The sponsoring employer's balance sheet — including a global fleet of specialist rigs and property, plant, and equipment — forms the ultimate backing for the fund's obligations, creating a credit profile tied directly to Keller's operating performance and physical asset base.

Governance falls under the Board of Directors of Keller Group Plc, chaired by Carl-Peter Forster. James Wroath, appointed CEO in August 2025, and CFO David Burke are the senior executives overseeing corporate treasury and pension affairs. The Group Company Secretary and Chief Sustainability Officer, Kerry Porritt, and Group Head of Secretariat Silvana Glibota-Vigo handle governance and secretariat functions. The fund does not publicly disclose a separate pension investment committee, and its investment decisions appear integrated into the broader corporate treasury function rather than delegated to an independent fiduciary.

Keller Group generates approximately £3 billion in annual revenue from thousands of active project sites globally, supporting a FTSE 250 equity valuation. This operating cash flow and the company's physical asset base — including a specialized rig fleet and headquarters property — provide a buffer that shapes the pension fund's credit profile. The fund's direct property holdings and parent-company equipment exposure create a concentrated, operationally correlated risk profile unlike a diversified institutional portfolio with external manager relationships.